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(OILCOUNTUB_BE) Oil Country complete technical analysis [charts+indicators] | Buy/Sell Oil Country | (OILCOUNTUB_BE) share price targets

Complete technical analysis of Oil Country (OILCOUNTUB_BE) by charts plus indicators, forecast predictions and share price targets for Oil Country (OILCOUNTUB_BE)

Showing technical analysis as on 2024-09-16 View latest technical analysis

10 day averaged volume of Oil Country is 19989

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	49.50	49.50	49.50	49.50	0.233 times
13 Fri Sep 2024	49.49	49.49	49.50	49.15	1.253 times
12 Thu Sep 2024	49.49	49.49	49.49	49.49	0.336 times
11 Wed Sep 2024	50.50	50.85	51.00	50.50	0.732 times
10 Tue Sep 2024	50.86	51.40	51.41	50.86	0.779 times
09 Mon Sep 2024	51.90	52.95	52.95	51.90	0.558 times
06 Fri Sep 2024	52.96	52.92	52.96	52.92	1.667 times
05 Thu Sep 2024	54.00	54.75	54.80	54.00	1.398 times
04 Wed Sep 2024	54.00	54.40	54.42	54.00	1.122 times
03 Tue Sep 2024	54.40	54.39	55.00	54.39	1.111 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.5, but if it comes above 50.5, then a intra day buy could be more profitable.
If you take a sell trade below 50.5, then use 50.5 as stoploss and 47.8 as target. However if you take a buy trade in stock , then use 50.5 as stoploss and 52.7 as target.

Share price targets for Oil Country (OILCOUNTUB_BE)

Target Type	Value
Downside Target	32.80
Downside Target	35.00
Downside Target	36.11
Downside Target	42.00
Downside Target	43.25
Downside Target	46.00
Downside Target	48.97
Upside Target	52.00
Upside Target	52.95
Upside Target	52.97
Upside Target	55.00
Upside Target	57.24

Intraday share price targets for Oil Country (OILCOUNTUB_BE)

Target Type	Value
Downside Intraday Target	49.5
Downside Intraday Target	49.5
Downside Intraday Target	49.5
Downside Intraday Target	49.5
Downside Intraday Target	49.5

Weekly technical analysis of Oil Country (OILCOUNTUB_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	49.50	49.50	49.50	49.50	0.064 times
13 Fri Sep 2024	49.49	52.95	52.95	49.15	0.577 times
06 Fri Sep 2024	52.96	54.39	55.00	52.92	0.937 times
30 Fri Aug 2024	55.50	52.00	57.24	52.00	1.687 times
23 Fri Aug 2024	52.90	48.97	52.97	48.97	1.194 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Oil Country (OILCOUNTUB_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	49.50	54.39	55.00	49.15	0.355 times
30 Fri Aug 2024	55.50	47.67	57.24	43.25	0.749 times
31 Wed Jul 2024	46.74	37.42	46.74	36.11	1.304 times
28 Fri Jun 2024	37.43	36.75	42.00	32.80	1.167 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Oil Country (OILCOUNTUB_BE)

Price action analysis of Oil Country ( (OILCOUNTUB_BE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Oil Country ( (OILCOUNTUB_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Oil Country ( (OILCOUNTUB_BE) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Oil Country stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Oil Country in short term but the sell signal is initial and weak.

Oil Country Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Oil Country in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Oil Country is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.29 and Oil Country (OILCOUNTUB_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Oil Country (OILCOUNTUB_BE) stock. Volume based technical analysis of Oil Country (OILCOUNTUB_BE) stock is negative.

Oil Country Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.